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SBI Gen pays its first parametric claim of Rs1.06 cr for Nagaland’s natural disaster losses

SBI Gen pays its first parametric claim of Rs1.06 cr for Nagaland’s natural disaster losses

by AIP Online Bureau | Mar 30, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“Our parametric insurance model ensures that financial assistance reaches the affected communities and regions without delays, helping strengthen resilience against natural disasters. As climate variabilities increase, parametric insurance plays a vital role in...
SBI General partners with Agri Ministry for promoting PMFBY among farmers

SBI General partners with Agri Ministry for promoting PMFBY among farmers

by AIP Online Bureau | Feb 5, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Technology

Naveen Chandra Jha, MD and CEO of SBI General Insurance SBI General will be conducting awareness workshops such as Fasal Bima Pathshala, Women centric workshops etc. in 8 states namely Madhya Pradesh, Uttar Pradesh, Uttarakhand, Odisha, Assam, Tamil Nadu, Maharashtra...

SBI General partners with BLS E-Services for selling its products

by AIP Online Bureau | Sep 19, 2024 | Briefs, Life

SBI General Insurance has entered into a strategic partnership with BLS E-Services to deliver essential insurance products to a broader range of customers across India. This collaboration is set to expand the insurer’s footprint, particularly in rural and...
SBI Gen, Munich Re and GIC Re bag Nagaland’s parametric renewal cover for disaster management

SBI Gen, Munich Re and GIC Re bag Nagaland’s parametric renewal cover for disaster management

by AIP Online Bureau | Aug 12, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

Neiphiu Rio,Chief Minister, Nagaland Nagaland Chief Minister Neiphiu Rio said his government and SBI General Insurance inked an MoU on for Disaster Risk Transfer Parametric Insurance Solution (DRTPS), making Nagaland the first state in the country to implement a...
SBI to monetise subsidiaries after scaling up their businesses, no IPO for SBI General this year: Chairman

SBI to monetise subsidiaries after scaling up their businesses, no IPO for SBI General this year: Chairman

by AIP Online Bureau | Jun 16, 2024 | Banking & Bancassurance, Indian News, Non-Life, Technology, Wealth Management/ Philanthropy

Dinesh Kumar Khara,Chairman,State Bank of India This move is anticipated to enhance valuation and deliver superior returns for the parent company, State Bank of India Mumbai: SBI Chairman Dinesh Kumar Khara has announced a strategic delay in monetizing the...
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